Maria Black - Sep 1, 2024 Form 4 Insider Report for AUTOMATIC DATA PROCESSING INC (ADP)

Signature
David Kwon (POA on File)
Stock symbol
ADP
Transactions as of
Sep 1, 2024
Transactions value $
-$9,519,674
Form type
4
Date filed
9/4/2024, 04:12 PM
Previous filing
Aug 9, 2024
Next filing
Sep 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADP Common Stock Award $0 +15.4K +19.94% $0.00 92.8K Sep 1, 2024 Direct F1
transaction ADP Common Stock Options Exercise $1.58M +11.4K +12.31% $138.53 104K Sep 3, 2024 Direct F2
transaction ADP Common Stock Options Exercise $1.6M +7.72K +7.41% $206.86 112K Sep 3, 2024 Direct F2
transaction ADP Common Stock Sale -$2.12M -7.72K -6.9% $274.38 104K Sep 3, 2024 Direct F2
transaction ADP Common Stock Sale -$3.14M -11.4K -10.96% $274.38 92.8K Sep 3, 2024 Direct F2
transaction ADP Common Stock Tax liability -$4.27M -15.5K -16.66% $275.91 77.3K Sep 3, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADP Stock Option (Right to Buy) Options Exercise -$1.58M -11.4K -100% $138.53 0 Sep 3, 2024 Common Stock 11.4K $138.53 Direct
transaction ADP Stock Option (Right to Buy) Options Exercise -$1.6M -7.72K -50% $206.86 7.72K Sep 3, 2024 Common Stock 7.72K $206.86 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 In the form of restricted stock units, which are convertible into common stock on a one-for-one basis and vest ratably over 3 years.
F2 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2023.